Alamo Heights - More than an Investment

Want to make an investment in one of the fastest growing cities in the US? The Alamo Heights Area of San Antonio, Texas has some of the most sought-after properties in Texas. Located at 115 and 117 Routt Street this duplex offers many options for the Entrepreneurial Investor who has an eye to building the future.

The property offers (2) Rental Townhome/Duplex Apartments with enough land to build additional units. With the growth in industry and several famous institutions, the demand for rental properties continues to increase. One of the units can be lived in by the Owner while the second unit can be leased to help offset the cost of the mortgage. Another option is to rent out both units to collect the income on the property. The Owner could then build an addition in the back of the property to convert the complex into four or six units for rent or sale.

This 75x146 property includes a two-unit building; it is zoned for 2 additional units. These can be built on to the property or a 2,500 square foot home could be situated in the back with the duplex in front. Plans have already been submitted to the city, should someone wish to exercise either option. There is a possibility for a 50-50 split with a partner; another option is to build 2,500 square foot home in back and keep duplex in front. At a later date, the original duplex could be renovated or demolished for a new building identical to the 2,500 sf. building. With these options, the property value would range from $850,000 to $1.5 million. It would be paid off in 20 years. This could be a good retirement package. This could be a 3 unit complex, two-1 bedroom units or one-4 bedroom unit. Alamo Heights is an incorporated city completely surrounded by San Antonio. As of the 2000 census, the city's population was 7,319. However, its immediate proximity to San Antonio causes it to appear as part of much larger San Antonio.

Alamo Heights' immediate neighbors include the cities of Olmos Park and Terrell Hills. The Tri-cities (as Alamo Heights, Terrell Hills and Olmos Park are frequently referred to) all are served by the Alamo Heights Independent School District. Just a few minutes away, the campuses of the University of the Incarnate Word and Trinity University will provide higher educational opportunities. This central location has the airport just ten minutes away. Numerous high-end shopping merchants are a breeze away! Alamo Quarry Market Shopping Center, Quarry Village, Lincoln Heights Shopping Center, H-E-B's Central Market, North Star Mall, Witte Museum, San Antonio Zoo, the Japanese Tea Gardens, and the Botanical Gardens can be found in or near Alamo Heights.

Unit 115 - 874 sq.ft. 

Unit 117 - 1,122 sq. ft.

$377,000 Priced to Sell

Aggressive Seller

Contact: Joe Gonzalez, at 210 - 508-9918